secwatch.observer — SEC 8-K summary
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Issuer:     GSI TECHNOLOGY INC (GSIT)
CIK:        0001126741
Form:       8-K
Filed at:   2024-10-24T23:59:59+00:00
Accession:  0001171843-24-005814
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GSI Technology Q2 FY2025 revenue $4.55M, net loss $0.21/share; Q3 guidance $4.7-5.5M
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- Net revenues $4.55M, down 20% YoY from $5.71M; net loss $(5.46M) vs $(4.06M) YoY.
- Gross margin fell to 38.6% from 54.7% due to product mix and severance costs from workforce cuts.
- Implemented cost-cutting measures expected to yield $3.5M annual savings; expects reduced cash burn.
- Q3 FY2025 guidance: revenue $4.7-5.5M, gross margin approx 50-52%; management sees SRAM turnaround.
- Cash and equivalents $18.4M at Sept 30, up from $14.4M at March 31; sale-leaseback gain in Q1 noted.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1126741/000117184324005814/0001171843-24-005814-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1126741/000117184324005814/f8k_102424.htm
  HTML page:      https://secwatch.observer/filing/0001171843-24-005814

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer